Current Forecast of EURO to US Dollar
Units: EUR per USD, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for EURO to US Dollar
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
The euro, or EUR, is the official currency of the eurozone, 19 of the 28 members of the European Union. The euro is the second most traded currency in the foreign exchange market, and is the second most used reserve currency.